Condo Market in Gainesville
In an effort to offer information on the condo real estate market in the Gainesville Fl area, I thought I give an example of a recent sale in the area.
Yesterday, one of our listings in the Cricket Club Condominium complex in SW Gainesville closed. It was a new listing on February 3rd of this month. The seller was an investor and wanting it priced to move quickly. We had a handyman do some minor repairs that we knew might be an issue for any future buyer inspection, the carpets were professionally cleaned, and a cleaning service put the final touches on this unit.
This was an end unit, 3 bedrooms with 2.5 baths, and 1,384 sq ft. This townhouse had covered assigned parking as well. The list price was $ 65,900, and was not a short sale or foreclosure.
It closed on 2/28/12 with a cash buyer (also an investor) for $ 60,000. 19 Days from List to Close!
This is a good summary of the condo market in the Gainesville area.
- Motivated Seller with Competitive List Price
- Priced Right – Location is Good – Good Condition & Move In Ready
- Buyer with the ability to pay Cash
- Investment buyers getting good purchase prices for future rental income
If you are wanting information about selling your condo or townhome in Gainesville, you will need to know that the mortgage industry is very different now that when you bought your property. Call me and we can discuss your selling options.